PRINCETON, N.J. and MORRISTOWN, N.J., June 8 /PRNewswire/ -- DataCede, a leading Property and Casualty Insurance operational consulting and outsourcing firm, and MFX, a leading provider of hosted IT applications and outsourcing solutions for the P&C insurance industry, announced today a Joint Marketing and Consulting Agreement between the firms designed to enhance their respective solutions offerings to the industry.
The DataCede-MFX partnership enhances the value of MFX's solutions by providing clients with access to DataCede's team of professionals which possess extensive insurance industry and system implementation experience. This expertise entails broad-based P&C Business Applications Systems knowledge including comprehensive Reinsurance experience in Contract and Treaty Management, Financial Analysis, Coverage Interpretation, Catastrophe Exposure Analysis, Reinsurance Billing and Accounting.
Further, DataCede has experience in Business Process Outsourcing (BPO) Management, including Regulatory Reporting and Compliance and are experts in the development and implementation of Information Dashboards and Business Reporting tools. In turn, the comprehensive Strategic Insurance Solutions of MFX provide expanded offerings that enhance DataCede's existing suite of business analysis tools and industry-proven methodologies.
Ray Roy, CEO of MFX, comments, "This partnership will enable clients to deploy and integrate the proven MFX solutions into their operations efficiently and cost effectively. DataCede's consulting services gives MFX clients a broader suite of life cycle support services such as business process analysis and quality assurance to enhance MFX's existing integrated solutions. Adding business process consultancy to MFX's hosted application solutions offerings strengthens its position as a premier provider of property and casualty insurance solutions."
The new arrangement is effective immediately and both firms are moving forward quickly to focus on immediate opportunities in the insurance and reinsurance markets.
DataCede is a P&C operational consulting and outsource processing firm offering turn-key solutions focused on improving operational efficiencies, cost reduction and maximizing recoverables. The company is uniquely positioned to provide comprehensive insurance and reinsurance services that capitalize on a team of seasoned, experienced insurance professionals and a robust suite of proven systems and tools. DataCede's outsourced solutions are fully configurable and allow clients to grow or contract as business needs change. Headquartered in Princeton, New Jersey, the company maintains a presence in the Philadelphia and London marketplaces.
MFX was formed as an independent technology company to support insurers, reinsurers, risk managers, agents and brokers with proven strategic technology solutions designed specifically for the Property and Casualty insurance industry. MFX's Strategic Insurance Platform is a comprehensive solution, the result of leveraging its vast experience in providing hosted insurance solution offerings on a global basis. This depth of experience renders MFX an ideal technology partner for companies ready "to move at the speed of opportunity". MFX is headquartered in Morristown, New Jersey with offices in Virginia; Texas; Toronto, Canada and Dublin, Ireland.